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Income Tax - Highlights / Catch Notes

Home Highlights July 2017 Year 2017 This

LTCG - Entitled to the benefit of proviso to section 112(1) on ...


Non-resident can benefit from proviso to section 112(1) for LTCG on JIL equity shares sale.

July 17, 2017

Case Laws     Income Tax     AT

LTCG - Entitled to the benefit of proviso to section 112(1) on sale of equity shares of a listed company - admittedly, the assessee is a non-resident and JIL is a listed company. Therefore, proviso to section 112(1) was squarely applicable

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